It may seem like "the
impossible dream" to first-time buyers who have to stretch in order to
purchase their first home. Many younger buyers can afford the monthly mortgage
payments, but they may have to get creative to cover the down payment and
If you are thinking about buying your first home,
contact a real estate professional. If your funds are limited, there may be
possibilities you have not considered, such as local or federal loan programs
that can get you moved into your new home. Sellers are sometimes willing to
extend a small loan to help cover closing costs in order to complete the sale.
You should also consider the many housing options
available. If you aren't sure that you can afford a single-family home, there
are beautiful condominiums and townhouses with amenities and prices that are
designed to appeal to first-time buyers.